Tax Preparation, Insurance, Payroll, Medicare and Business Advisement in Jamestown NY
Tips and Articles on Tax Advisory
Odd things you might not consider Have you heard of a fidget spinner? Essentially, it’s a triangle-shaped toy that’s designed to spin with little effort. Fidget spinners have been around for a long time, but they have gained popularity in recent … [Read more...] about Medical Expenses
Know the tax consequences beforehand The tax consequences of selling a business depend on whether you operate as a sole proprietor or a corporation. As a sole proprietor, selling your business means you are selling the individual assets of the … [Read more...] about Selling Your Business
Make sure you have all of your documents Nothing makes a tax preparer happier than a prepared client. Here are a few tips for going to your tax appointment with everything you need. Look at last year’s tax return for income and expense … [Read more...] about Preparing for your Tax Appointment
Year-end strategies to save you money As the tax year draws to a close, many of you are thinking of ways to reduce your taxable income. Generally, this is accomplished by increasing your expenses for the year. For example, making a charitable … [Read more...] about Maximizing Your Deductions
Fraud and identity theft continues to increase. What can you do to protect yourself? Rejected Tax Return for Duplication If your tax return has been rejected because of a fraudulent duplicate tax return filed under your social security … [Read more...] about Protecting Yourself From Fraud and Identity Theft
Download our Home Office Tax Tips Brochure Calculating Home Office Deductions The business use percentage is calculated by dividing the square footage of the dedicated space by the total amount of usable space of the home. This will give a … [Read more...] about Home Office Tax Tips
